XML 18 R2.htm IDEA: XBRL DOCUMENT v3.20.4
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Dec. 25, 2020
Dec. 27, 2019
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Net sales $ 3,522 $ 3,168
Cost of sales 2,376 2,138
Gross margin 1,146 1,030
Selling, general, and administrative expenses 361 367
Research, development, and engineering expenses 162 161
Acquisition and integration costs 8 7
Restructuring and other charges, net 167 24
Operating income 448 471
Interest income 3 6
Interest expense (15) (12)
Other income (expense), net (1) 5
Income from continuing operations before income taxes 435 470
Income tax expense (60) (447)
Income from continuing operations 375 23
Income from discontinued operations, net of income taxes 6 3
Net income $ 381 $ 26
Basic earnings per share:    
Income from continuing operations (in dollars per share) $ 1.13 $ 0.07
Income from discontinued operations (in dollars per share) 0.02 0.01
Net income (in dollars per share) 1.15 0.08
Diluted earnings per share:    
Income from continuing operations (in dollars per share) 1.13 0.07
Income from discontinued operations (in dollars per share) 0.02 0.01
Net income (in dollars per share) $ 1.14 $ 0.08
Weighted-average number of shares outstanding:    
Basic (in shares) 331 335
Diluted (in shares) 333 337